Funding you earn now, next payment 12:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.034%
Price spread now: KuCoin against Nado+0.025%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$800.799% of the position
Funding, last 4 days (all we have)+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.025%, 7d avg −0.041%
=Together, before fees+0.142%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.066% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MSFT-PERP | 505.09 | −0.0032 | get 0.0004% / 1h | 55m 58s | $412K | $72K | 20x |
| Short | KuCoin MSFTUSDTM | 505.21 | 0.0085 | get 0.0085% / 8h | 4h 55m | $1.6M | $282K | 20x |
Nado MSFT-PERP
KuCoin MSFTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $24.56
- Price spread: +0.025% → −0.041%
- $6.58
- Slippage, 4 orders
- −$60.88
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$48.73
- Costs to cover
- 0.799%
- Break-even
- 20.9 days
Slippage from Nado: live order book, 50 min ago; KuCoin: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Nado live order book, 50 min ago | 0.80 bp | 11.1 bp −$11 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 10.41 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
MSFT on 34 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MSFT-PERPlong | −0.0032% | 1h | 505.09 | long leg | $412K | $72K | 20x | |
| BloFin MSFT-USDT | −0.0020% | 8h | 504.87 | −0.043% | $203K | $221K | 20x | as long as short |
| Coinbase International MSFT-PERP-INTX | −0.0008% | 1h | 504.47 | −0.122% | $711K | $677K | 10x | as long as short |
| Aster MSFTUSDT | 0.0000% | 8h | 506.02 | +0.185% | $166K | $118K | 20x | as long as short |
| Extended MSFT_24_5-USD | 0.0000% | 1h | 505.73 | +0.128% | $328K | $1.9M | 17x | as long as short |
| Binance MSFTUSDT | 0.0000% | 8h | 506.19 | +0.219% | $16.4M | $21.9M | 20x | as long as short |
| Bybit MSFTUSDT | 0.0000% | 8h | 505.95 | +0.171% | $7.3M | $2.4M | 100x | as long as short |
| Gate MSFT_USDT | 0.0000% | 8h | 505.79 | +0.139% | $3.1M | $1.9M | 100x | as long as short |
| Bitget MSFTUSDT | 0.0000% | 8h | 505.94 | +0.169% | $4.0M | $3.2M | 100x | as long as short |
| Variational Omni MSFT | 0.0000% | 8h | 505.11 | +0.005% | $1.3M | $410K | — | as long as short |
BloFin MSFT-USDT
Coinbase International MSFT-PERP-INTX
Aster MSFTUSDT
Extended MSFT_24_5-USD
Binance MSFTUSDT
Bybit MSFTUSDT
Gate MSFT_USDT
Bitget MSFTUSDT
Variational Omni MSFTShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MSFT_USDT_Perp | 0.0000% | 8h | 505.06 | −0.006% | $18K | $326K | 10x | as long as short |
| SunX MSFT-USDT | 0.0000% | 8h | 506.02 | +0.185% | $6K | $3.4M | 20x | as long as short |
| HTX MSFT-USDT | 0.0000% | 8h | 505.41 | +0.064% | $49K | $247K | 20x | as long as short |
| Phemex MSFTUSDT | 0.0000% | 8h | 505.66 | +0.114% | $2.3M | $945K | 10x | as long as short |
| Deribit MSFT_USDC-PERPETUAL | +0.0027% | 1h | 505.34 | +0.050% | $30K | $46K | 10x | as long as short |
| Lighter MSFT | +0.0032% | 1h | 505.39 | +0.060% | $1.2M | $503K | 20x | as long as short |
| Lighter RH MSFT | +0.0032% | 1h | 505.39 | +0.060% | $727K | $1.8M | 20x | as long as short |
| tradeXYZ xyz:MSFT | +0.0037% | 1h | 505.11 | +0.005% | $22.5M | $9.5M | 20x | as long as short |
| QFEX MSFT-USD | +0.0038% | 1h | 505.09 | +0.001% | $1.2M | $4.7M | 10x | as long as short |
| Arcus MSFT-USD | +0.0040% | 1h | 504.91 | −0.035% | $94K | $83K | 10x | as long as short |
| Vest MSFT-USD-PERP | +0.0046% | 1h | 505.26 | +0.034% | — | $1K | 25x | as long as short |
| Polymarket Perps MSFT-USD | +0.0050% | 1h | 505.04 | −0.009% | $319K | $667K | 10x | as long as short |
| SoDEX MSFT-USD | +0.0050% | 1h | 505.12 | +0.007% | $61K | $3K | 10x | as long as short |
| Ondo Perps MSFT-USD.P | +0.0050% | 1h | 504.24 | −0.168% | $530K | $408K | 15x | as long as short |
| Paradex MSFT-USD-PERP | +0.0057% | 8h | 504.98 | −0.022% | $222 | — | 5x | as long as short |
| OKX MSFT-USDT-SWAP | +0.0066% | 8h | 506.25 | +0.230% | $3.2M | $2.8M | 20x | as long as short |
| Phoenix MSFT | +0.0079% | 1h | 504.81 | −0.055% | $11K | $5K | 20x | as long as short |
| KuCoin MSFTUSDTMshort | +0.0085% | 8h | 505.21 | +0.025% | $1.6M | $282K | 20x | |
| ApeX Omni MSFTUSDT | +0.0100% | 1h | 504.59 | −0.098% | $161K | $7K | 50x | as long as short |
| Orderly PERP_MSFT_USDC_mythos | +0.0100% | 8h | 505.27 | +0.036% | $8K | — | 10x | as long as short |
| Aevo MSFT-PERP | +0.0104% | 1h | 505.13 | +0.008% | $56 | — | 10x | as long as short |
| Hotstuff MSFT-PERP | +0.0176% | 1h | 504.24 | −0.168% | $33K | $8K | 20x | as long as short |
| Injective MSFT/USDC PERP | +0.0220% | 1h | 506.14 | +0.209% | $116K | $45K | 30x | as long as short |
| edgeX MSFTUSDC | +0.0802% | 4h | 504.75 | −0.067% | $103K | $242K | 10x | as long as short |
GRVT MSFT_USDT_Perp
SunX MSFT-USDT
HTX MSFT-USDT
Phemex MSFTUSDT
Deribit MSFT_USDC-PERPETUAL
Lighter MSFT
Lighter RH MSFT
tradeXYZ xyz:MSFT
QFEX MSFT-USD
Arcus MSFT-USD
Vest MSFT-USD-PERP
Polymarket Perps MSFT-USD
SoDEX MSFT-USD
Ondo Perps MSFT-USD.P
Paradex MSFT-USD-PERP
OKX MSFT-USDT-SWAP
Phoenix MSFT
ApeX Omni MSFTUSDT
Orderly PERP_MSFT_USDC_mythos
Aevo MSFT-PERP
Hotstuff MSFT-PERP
Injective MSFT/USDC PERP
edgeX MSFTUSDC